Latest Palo Alto News

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed 16% in the past three weeks and about 41% since the...

DETROIT (AP) — Tesla CEO Elon Musk is more than doubling the stock he will buy in a new public offering in an apparent bid to earn investors' confidence as he tries to turn around his struggling electric car company. Musk raised his latest investment from $10 million to $25 million on Friday as Tesla...

PALO ALTO, Calif. (AP) — A week after revealing a huge first quarter loss and the need to raise cash, Tesla is doing just that with CEO Elon Musk buying $10 million in new shares being offered as part of a stock and debt offering that could raise more than $2 billion. Tesla said Thursday that it's selling...

SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic taxis to compete against Uber and other ride-hailing services. The vision sketched out Monday during an...

PALO ALTO, Calif. (AP) — Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come...

SAN FRANCISCO (AP) — Tesla's assembly lines slowed and deliveries fell during a rocky start to the new year that is likely to magnify nagging doubts about the company's ability to post sustained profits. The Palo Alto, California, company churned out 77,100 vehicles from January to March, well behind the...